Johnson Act

…the United States passed the Johnson Act, forbidding even private loans to countries that had not paid their war debts.

The Johnson Act of 1934 forbade American citizens to lend money to foreign countries that had not paid their past war debts. The Neutrality acts of 1935 and 1936 prohibited sale of war matériel to belligerents and forbade any exports to belligerents not paid for with…

The Johnson Act (1934) and the Neutrality acts (1935–36) effectively prevented economic or military aid to any country involved in the European disputes that were to escalate into World War II. U.S. isolationism encouraged the British in their policy of appeasement and contributed to French paralysis…